"Retiring with $150k Debt and $1.4M in Retirement Accounts: Can it be Done?"

A couple in their early 50s with $1.4 million in retirement accounts, a rental property, and a short-term rental generating income, are trying to retire in the next 5-7 years. However, they have $150,000 in credit card and unsecured loan debts. They are paying $2,000-$3,000/month on them and plan to use any bonus from work and profits from the short-term rental to pay down debt. They are using Mint to budget and set goals on paying off everything by using the snowball approach. They are worried about having enough when retirement age comes and want to be really retired. The advice is to eliminate the debt completely before retiring, cut expenses, and move some of the debt to a zero-interest credit card. They should also stock up their savings accounts for emergencies for all of their properties and come up with a few back-up financial plans so their retirement doesn’t get derailed by the unexpected.